Which bank better based on your experience ? in terms of interest rate, flexibility, etc

I check RinggitPlus rank Maybank and Public pretty high, in terms of favourable interest rates

I book property from Ideal Property Group, their recommended bankers are from CIMB, HongLeong, UOB but I do quick check on Ringgit Plus, seems like interest pretty high

I think they gonna send me a CIMB bank banker since my main bank acc is CIMB. First time Home buyer, what to look out for ?

This post has been edited by MKCL: Nov 8 2022, 11:35 AM

mebeng >>> all

but seriously, PB tends to give the lowest

on the other side of the spectrum, CIMB is among the highest

Pbb ocbc etc

Perangkap kapitalis yang sudah dibiasakan. Berhentilah bayar interest kepada bank.

public bank if your profile fit their preferred client profile, can get low interest rate. ayam can said the lowest among all bank

if want senang lulus, can try affin, but this bank many BS one, prepare to sign for CC, pledge deposit, and buy shit load of MRTA..

other like sotong bank also quick easy approve

Ah long, come with free paint

This post has been edited by 2feidei: Nov 8 2022, 11:40 AM

Best is PB for me

mine OCBC, ok jugak

Avoid Hong Leong at all costs. My worst experience with them.

i had been with UOB and PBB so far both are very pleased to deal with .....i think it depend of region one....not all bank are equally same service ....

Mbb

PB

now how much interest?

last time i signed up BLR-2.4%

10 yrs ago.

Pbb low interest rate but force h to buy mrta
Mbb higher abit but mrta is optional. Can buy from outside

I got around there 10 years ago for pb

now is this rate i think:

https://www.iproperty.com.my/guides/latest-...aysia-faq-26047

i took their car loan because they maintain lower rates than mbb but the data entry still screw up la... caused me to pay extra rm 11/month, the loan officer say she want to compensate back half to me but i did not take it, last last she tapao food to my house when letting me sign the application again...

Do you really think we buy house and car for suka suka only?

We had to pay the interest because we need the house and car.

And we don't have the cash to pay full upfront.

2 with PBB
1 with ABB

rhb full flexi, 0 maintenance cost too.

Fuyoh... congratulations... Venice Residensi isit?

don't see ringgitplus... meet the actual banker and get the actual rate... ringgitplus useless one lol

Why? A friend of mine just got hong leong. He been applying loan. He passed for Maybank but variable. Then HL also he passed, but fixed. So he is going with HL because he wants fixed, haven't sign the agreement, but will do so soon.

This post has been edited by Natsukashii: Nov 8 2022, 11:53 AM

yes, I was thinking between Venice vs Havana but end up with Venice, location is central to everything

Havana- Tandem Carpark, 408k, 850 +50 sq ft

Venice - 2 carpark, 478k, 850 + 100 sq Ft

U have to compare all banks and products

Don't just look at purely interest rate, I'd always go for a full flexi loan

Even if a banker or bank gives you their full flexi loan, study the product sheet thoroughly,

some charges some nonsense fees, some has a cap of a maximum amount that they offset interest calculations, some forces insurance products on you(if you don't, they add a nominal percentage of interest rate on top), some idiot banker even tries to sell you semi flexi as full flexi, etc etc

As an example, I'd rather take a slightly higher interest loan with none of the above hanky panky than one with any of it

Best local bank : PBB.

Best foreign banks : SCB, HSBC and OCBC.

SCB full flexi is the best one out there when compared to other banks.

Interest rates? Mostly the case the rates offered by one bank wouldn’t differ all that much.

you made the right choice... want to sell/rent next time also easier... if you buy Havana... really far as fk... unless you work at airport, and plan to work there next 15 years... else no point

don't get 1 car park unit to save money.. some agents just push for 1 CP to make it look cheaper... damn bad these people..

HL mostly PBB and MBB lowest rate, but if you cash rich people, can go for MBB or RHB fully Flexi like above-mentioned... good...

*HL = housing loan

This post has been edited by Angry Clerk: Nov 8 2022, 12:01 PM

my house loan is public bank. rate ok la, lowest (that time)

It depends on the branches also. Had experience with 2 pbb home loan dept from different branches, the service level is like day and night.

Just checked my housing loan interest today:

Maybank = 4.00%
RHB = 4.05%

The list updated until Sep 2022... not right anymore.

During good times, most banks will be eager to lend u money. It's their job.
During bad times, that's when you see their real colours. The better ones will work with u to tide over bad times, re-work your loan etc.
The bad ones (eg HL), will pull the rug from under you.

weird, am i the only one who side hlb here?

so far i am okay with affin, i havent heard once from them when it come to marketing call.

cimb on the other hand,my god. im speecless.

I have loans for

RHB
PBB
MBSB


I can say MBSB is the most nice to discuss about loan and they’re the most willingly to negotiate on interest. Other banks really shit

what is the HL rate?

I actually prefer Havana at first, I heard Venice at Greenlane then got my own traffic nightmare flashback and didnt care to learn more

I work at elite avenue so Havana at Sg Tiram is accessible, and close to airport, for me is good and cheap. house value 423k but agent can give 408k with tandem, so with 380k loan, only need to pay 27k deposit. Sounds good at first

But another agent group convince me that Venice at Island Glades is central to everything, surrounded by high value properties, they high value got reason, the location so flexible, want to rent out also got more choice. and 2 carpark is definitely worth it. They say Havana launch 2 years havent sell finish compare to Venice launch this yr but ady full until waiting list, think which value is higher and why people choose one over another

Quick question: do banks accept reject loan based on your CC spending amount and bank statement last 3 months ?


I always transfer out my money for investment or money market parking, so my bank acc always minimum fund as possible and my CC Bill last 2 months spending very high, But I almost always pay on time (at most late 1 day) so near perfect CTOS score for car loan and CC bill payment

thats why i said it was capitalist trap.
it was normalize since British came.
remember what we used to have, land and house. no loan
also dont forget, banks are business entity. they make money from earning interest and fees.
i almost exit all my loans. i hope you guys also can.
imagine pay loan till you guys dies. ( housing loan-20-35 years)
that is real trap.

i knew 90% people in k/ will not agree with me, but what i said is just the truth, nothing else

Not CC only, but there is other criteria. They’ll ask other bank statements and check cros ccris

simple answer...

let say your cc utilisation is high :

90K used /100K limit

it's high, then next question is 90K * 5% = one month commitment is 4,500.. compare against salary, is it high?

if you salary is 9K, but cc used max also 8K, then it's completely fine
.. if cc used max 30K, that's something to be cautious...


if you need to "window dress" your profile, then increase savings and reduce debts one month before submitting loan (ccris update 15th of the month)

LPPSA.

U buy house with cash? Why not get a loan and invest the money?

Are you IQ member? It's lower if you are one

Hlbb x3
Affin x1 car
Mbb x1
Rhb x1
Ambank x1 (progressive interest)

These are my loans. U ask which better, i think all same. Jus see at the current moment which bank offer the lowest rate, n mrta whether compulsory. Last time hlb has the best rates, not sure about now

mbb valuing property always lowest,cannot markup loan
cimb fastest but prepare high interest rate
ambank last option to submit loan but highest rate
bank all the same they want cari makan also

Is there any cap/limit on interest offset for its full flexible loan?
PBB: 70% of balance in current account, 30% goyang telur
HLB: 70% of remaining principle.

Please read my statement carefully. I also take loans. But after realize i had been paying to much interest. I take further steps to settled all my loan. Now i almost exit all my loan including house loan. Hope u can too

for my case, the limit is the outstanding I suppose

i have tired put in close to 90% of the principle loan balance and still can withdraw out/in.. (but in multiples of 1000 only)

i hope this is what you mean?

This post has been edited by 47100: Nov 8 2022, 01:42 PM

Nah. I already finish the loan but refinance again. I'll keep taking home loan whenever possible.

No, what I mean is, using your example, when you put in an amount equal to your 90% loan balance, does the bank only charge you the daily interest based on the 10% remaining?
Not referring to the ability to withdraw, as every ff loan allows us to withdraw miney in the current account.

Example:
- loan balance 1million
- today you put in 900k inside your current account.
- your interest calculated for today is (RM100k * interest rate %)/365 kah?

For PBB, if you put in 900k, only RM900k*0.7 will be used to offset principle.

For HLB, if you put RM900k, you will only offset RM1million*0.7.

the panel banks they selected for me is UOB, CIMB and Hong Leong

hmm, i think same same only

panel banks may give different rates than the one you see online ?

Just gotten a RHB full flexi loan, no such restriction, double and triple checked

and yes PBB and HLB definitely has this hidden thing, the banker some more cheekily suggested that i get around this by depositing 130% so that i can offset the interest on the principle fully, feel like wana slap them

I jelly lo.

Funnily my cimb loan back then was THE lowest in the market, back arnd 8yrs ago

Just apply any bank first , see bank can pre approve your loan , then can select which loan with best offer

lol u jelly my debts?

Really Hopeless Bank the best
quite reliable interface and no need to buy MRTA if too poor to even qualify with MRTA

No.

People here datuk nenek mostly poorfags.

So fking poor.

So stop dreaming about happy life when your datuk nenek was young.


Mostly korek ubi to eat before stolen by japanese imperial army.

What world were you living in, thinking lives before 2000 is good?

they offered me to open account there, I didn't. Lazy to manage so many accounts :S

HLB when I sign up for my housing Loan back in 2019 gave me a pretty good rate..with the multiple OPR increase my rate now is about 3.65%..no MRTA needed also when I signed up with them..not sure why others saying they are bad..

Citi best service, but rate not low.

Jelly of no cap for your flexi loan. Btw, was your interest higher than the other banks, and what are the other cons of this package? I mean, there are no cap and no monthly maintenance fee... something has to give way, right?

You can buy 2nd or 3rd hand car, cheap cheap and cash.

May I ask what's ur rate now? Mine is 3.81%

This post has been edited by Avangelice: Nov 8 2022, 03:43 PM

its actually one of the lowest around, pbb and hlb were only willing to match the rate but their cap made it a non starter, thats where the silly suggestion of putting in 130% to offset interest came in from the banker

so far the cons are
- the customer service is dog poo poo
- given the run around to set it up
- the set up of the loan is a bit funky, it has one savings and one loan account and u have to select to transfer as prepayment or installment manually and rounded up to a thousand
- there's a major feature missing from the online banking portal, you can't transfer out excess funds from the loan account easily, asked CS about it and they say its under development
- the security of the online banking portal is also dog poo poo

i have loans from other banks like even sotong bank and although the interest is higher, its much much simpler with only 1 account and none of the above issues.

Never ever take Maybank Conventional or Islamic.

DLLM HKC

my own experience is ocbc and public bank for house loan

car loan is hong leong , rhb and ambank

all so far so good

This post has been edited by fantasy1989: Nov 8 2022, 03:02 PM

Pbb the best rate,ayam house & car all pbb all got special loyal rate, other don’t know

during the time i buy CIMB the lowest interest. but then, very susah deal with them. every month pay i have extra advance payment when the interest down, niasing. asked them move the money from advance payment to my principal amount, following month check still the same.

its like super hard to get them to do even the simplest task

HLB give good offer, SBR/ OPR + 1.05, Full Flexi Rm10 monthly, RM200 setup one time

does it have the 70% cap on funds to offset principal interest?

Hong leong just late pay pun hari2 call, not even a week late, pagi ptg call, gila betul..

MBB car
RHB house

I think so far i have no complains from rhb. Full flexi with 0 maintenance as well.

actually I had done paying 3 years ago :X

Jelly max

Ikat perut and dump epf in :S

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